Newsday recently contactedTNA about reports of Billy Corgan being in talks to purchase the company. They were forwarded a copy of Janice Carter's recent internal memo where she denied the reports. Here's part of Janice's memo:

"An unfortunate aspect of this business is that there are wrestling 'reporters' who consistently post 'news stories' without proper facts. I want to assure you these are just rumors and that I am committed to TNA and its future."

Newsday also contacted a spokesperson for Corgan on Sunday. They said:

"There is no reason to comment on rumors. Billy is completely focused on Resistance Pro's upcoming 2nd anniversary [show on Nov. 23]."